Top Ten Smart Money Moves – November 19, 2019
Top Ten Smart Money Moves, starting January 2015, is the official trading newsletter of The Responsible Trader to promote his advocacy, Responsible Trading. This newsletter contains the previous day’s data from PSE, the Top Ten Foreign Buying and Selling, Top Ten in Total Traded Value, including Trading Notes based on the data of the previous day. This newsletter is given free to all the friends of The Responsible Trader and to members of the Facebook group and the other organizations where he is a member. For the previous issue where complete details about the newsletter was fully discussed, please refer to: Daily Top Tens October 17, 2014.
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As promised in my last post, Back from the Hack, we are resuming all our activities both in our website and Facebook starting August 1, 2019.
This section of our website has been running for the past five years. Perhaps you are asking, why Top Ten Smart Money Moves? This is what I have written in my new book: “Swing Trading with TRT – A Definitive Guide for Swing Trading the Philippine Stock Market.”
“SMART MONEY
The PSE achieved a milestone by the end of the year 2018 when they reported that the number of stock market accounts broke past the one million mark as a result of the substantial increase in online accounts.
Retail investors owned most of the stock market accounts, representing 97.5% of the total accounts while the remaining 2.5% is held by the institutional investors also considered as smart money.
While we, the retail traders, are big in number, we are small in terms of influence in the stock market because more than 50% of the Total Traded Value Daily is accounted for the institutional investors whose transactions are focused mostly on a handful of their selected stocks.
In our Website, we have a regular feature “Top Ten Smart Money Moves” where we monitor the Top Ten stocks being bought and sold by the smart money.
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Trading Notes for Today – (Based on November 19, 2019 Data)
Total Traded Value – PhP 6.220 Billion – Low
Advances Declines – (Ideal is 2:1) 88 Advances vs. 100 Declines = 1.14:1 Neutral
Total Foreign Buying PhP 3.580 Billion
Total Foreign Selling – (PhP 4.607) Billion
Net Foreign Buying (Selling) – (PhP 1.027) Billion – first day of Net Foreign Selling after a day of Net Foreign Buying
Data from the Philippine Stock Exchange
Screenshot courtesy of PSE.com.ph
PSE HEAT MAP
Screenshot courtesy of PSEGET
Top Ten Foreign Buying and Selling
Top Ten in Total Traded Value
Top Ten Gainers and Losers
From now on, I will just quote the related article from Business World so that we will have everything in one piece:
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Bourse climb as Wall Street rises on trade talks
November 19, 2019 | 9:00 pm
PHILIPPINE SHARES rebounded on Tuesday following Wall Street’s positive performance overnight amid developments in the Sino-US trade negotiations.
The 30-member Philippine Stock Exchange index (PSEi) rose 31.2 points or 0.39% to close at 7,912.14 on Tuesday, putting an end to four consecutive days of decline. The broader all shares index also improved 9.46 points or 0.2% to 4,729.72.
“With US market up last night on continued positive development on US-China trade negotiation, market went on bargain hunting today after several days of correction,” Diversified Securities, Inc. Equity Trader Aniceto K. Pangan said in a text message on Tuesday.
The Dow Jones Industrial Average rose 31.26 points or 0.11% to close at 28,036.15; the S&P 500 gained 1.55 points or 0.05% to 3,122.01; and the Nasdaq Composite added 9.11 points or 0.11% to 8,549.94.
Aside from Wall Street’s climb, Regina Capital Development Corp. Head of Sales Luis A. Limlingan said the PSEi rose simply because investors “digested mixed headlines on US-China trade relations.”
CNBC reported on Monday that Chinese officials were pessimistic about the trade deal with US, following comments of US President Donald Trump that he has not agreed to roll back tariffs on Chinese goods.
On the other hand, several foreign news outlets reported the US Commerce Department has extended its reprieve on Chinese tech giant Huawei Technologies Co., Ltd. to engage in exporting with American companies.
Mr. Limlingan said amid these developments, investors decided to buy into the Philippine market.
All sectoral indices at the PSE advanced on Tuesday’s close. Mining and oil added 50.92 points or 0.59% to close at 8,601.01; financials climbed 9.07 points or 0.47% to 1,919.01; holding firms gained 34.71 points or 0.44% to 7,806.99; services inched up 5.72 points or 0.37% to 1,549.57; industrials improved 21.09 points or 0.21% to 10,037.24; and property added 2.09 points or 0.05% to 4,075.63.
Some 1.32 billion shares worth P6.22 billion changed hands on Tuesday, up from Monday’s 430.55 million shares worth P4.32 billion.
Declining stocks outnumbered those that gained, 100 against 88, while 50 names ended unchanged. Foreign investors sold their shares anew, with net outflow on Tuesday amounting to P1.03 billion, a reversal of Monday’s net foreign buying worth P100.23 million.
AAA Southeast Equities, Inc. Research Head Christopher John Mangun said in an e-mail that the PSE is “not out of the woods yet” despite the main index’s gain.
“The general investor sentiment remains extremely cautious and no one is willing to get in until we see either a decrease in selling pressure or a pick-up in buying. In the meantime, the market will remain in limbo until investors start to believe that there is light at the end of the tunnel,” he said. — Denise A. Valdez
Source: https://www.bworldonline.com/bourse-climb-as-wall-street-rises-on-trade-talks/
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In line with our VISION, A RESPONSIBLE TRADER IN EVERY FILIPINOS HOME, we aim to continue promoting financial literacy on the area of stock market trading and investing to our countrymen both here and abroad through the following:
1. We have successfully launched “Swing Trading with TRT – a Definitive Guide for Swing Trading the Philippine Stock Market” last September 2, 2019. This book is the second in our Responsible Trader Education Series.
You can download Chapter 1 and see the Table of Contents here: https://drive.google.com/file/d/1NZEABnQMiQ_zenEMs0lPFWweX4WBxBHg/view?usp=sharing
The first book, “The Responsible Trader – a Thinking Person’s Guide for Trading the Philippine Stock Market” provided all the basic knowledge that a trader needs to know in order to trade the Philippine Stock Market effectively and efficiently. The first book is about the basics. This second book is about the specifics.
2. The Book: “The Responsible Trader – a Thinking Person’s Guide for Trading the Philippine Stock Market” now earned the name “The Bible of Philippine Trading.” You can download Chapter 1, Section 1 of the book here: http://theresponsibletrader.com/the-responsible-trader-hope-for-trading-knowledge-test/. For those interested in the hard copy, please send email to: ninjatrader919@gmail.com Subject: The Responsible Trader – Hard Copy.
As requested by those abroad and those who want the book in digital form, we have produced an eBook version. For those interested please send email to: ninjatrader19@gmail.com Subject: The Responsible Trader – eBook Version.
The book can also be ordered online through our publisher, Central Book Supply. Just go to: http://central.com.ph/bookstoreplus then click Search – The Responsible Trader.
3. The Website: :http://www.theresponsibletrader.com where we publish our daily newsletter Top Ten Smart Money Moves, Stock Trading Lessons, and Inspirational Materials. (FREE)
4. The YouTube Channel: https://www.youtube.com/theresponsibletrader – where you can learn the course “Master’s Certificate in Technical Analysis” which was simplified in an easily understood manner. You can download these videos and learn them at your own convenient time. (FREE)
5. My Slideshare: http://www.slideshare.net/TheResponsibleTrader – where you can view and download copy of the Powerpoint Presentation of my TRT-POV (The Responsible Trader’s Point of View) of the videos posted in our Youtube Channel. (FREE)
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Good luck on all your TRADES today.
DISCLAIMER There is a very high degree of risk involved in TRADING. Past results are not indicative of future returns. Nothing contained in this newsletter constitutes a solicitation, recommendation, PROMOTION or endorsement of any security. In accordance with the Responsible TRADER’s Creed: I will never tell and you take full responsibility for all your TRADING results
NOTES: Please take note of the following changes. Effective August 6, 2015: 1. Caption Market Breadth has been changed to Total Traded Value to simplify the presentation. 2. Market Breadth is expressed in terms of Number of Advances and Declines. Expressing this as a Ratio by using the larger number as Numerator we derive the Market Sentiment whether Bullish or Bearish. 3. Based on Past three-year data of Average Total Traded Values, following classifications will be used to make the presentation more relevant to present times. a. Low – Total Traded Value less than PhP 8 Billion b. Medium – Total Traded Value Php 8 Billion but not more than P15 Billion c. High – Total Traded Value more than Php 15 Billion.
Starting with August 11, 2017 data we are including the Top Ten Gainers and Losers for a more comprehensive coverage of significant stock movements during the day.